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Vireo Growth (VREOF)
OTHER OTC:VREOF
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Earnings Data
Report Date
Mar 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.03Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 31, 2019
|% Change Since: 21.95%
|Next Earnings Date:May 31, 2019
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook, with significant revenue growth and market expansion in Maryland, improved operational metrics, and new financing to support strategic initiatives. However, challenges such as a slowdown in the Minnesota market and delays in the New York divestiture process were noted.Company Guidance
During the Vireo Growth Inc. Third Quarter 2024 Results Conference Call, the company provided several key metrics and guidance for the upcoming periods. Total revenue, excluding New York's discontinued operations, increased by 6.2% year-over-year to $22.4 million, driven by double-digit sales growth in Maryland. The company highlighted a 3% same-store sales growth in Minnesota and noted operational improvements such as enhanced harvest yields and flower quality. Despite challenging year-over-year financial comparisons, Vireo secured a $10 million financing commitment, priced at $0.625 per share, which will support the company's CREAM & Fire strategy and preparations for adult-use sales in Minnesota. In Maryland, retail revenue rose by 12% and wholesale by 26%, leading to a total growth of approximately 17% year-over-year. The company is also advancing its hemp-derived beverage strategy and is engaged in ongoing efforts to optimize its Minnesota retail locations and continue the New York divestiture process.Revenue Growth in Core Markets
Total revenue excluding discontinued operations in New York increased 6.2% year-over-year to $22.4 million, driven by continued double-digit sales growth in Maryland.
Maryland Market Share Expansion
Retail revenue in Maryland increased 12% and wholesale revenue increased 26%, resulting in a total growth of approximately 17% year-over-year.
Improved Operational Metrics
Harvest yields and flower quality showed strong improvements compared to the third quarter of last year, especially during the challenging summer growing season in Minnesota.
Hemp-Derived Product Expansion
The launch of Hi*AF and Boundary Waters hemp products is gaining traction, with national distribution expansion and potential as meaningful value drivers.
New Financing Commitment
Secured an additional $10 million financing commitment in the form of a convertible note, reflecting lender support and enabling continued execution of strategic initiatives.
Market Readiness for Adult-Use Launch
Preparations for adult-use sales in Minnesota are underway, including store relocations and footprint enhancements, supported by new financing.
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VREOF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VREOF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.41 | $0.40 | -2.44% |
| Aug 06, 2024 | $0.43 | $0.47 | +9.30% |
| May 07, 2024 | $0.54 | $0.54 | 0.00% |
| Apr 01, 2024 | $0.42 | $0.39 | -7.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vireo Growth (VREOF) report earnings?
Vireo Growth (VREOF) is schdueled to report earning on Mar 28, 2025, TBA Not Confirmed.
What is Vireo Growth (VREOF) earnings time?
Vireo Growth (VREOF) earnings time is at Mar 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VREOF EPS forecast?
VREOF EPS forecast for the fiscal quarter 2024 (Q4) is -0.02.
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